Royal Oak Charter Township, MI is an excellent place to live with a variety of amenities and affordable prices. The average rent for a two-bedroom apartment is $1,290, which is significantly lower than the national average of $1,430. Additionally, grocery costs are also cheaper in Royal Oak Charter Township compared to the US with an index score of 95 versus 100. Companies such as Just Property Management Group and Renters Warehouse Detroit Metro offer two-bedroom rental services in Royal Oak Charter Township. Both companies provide prospective renters with high-quality living spaces at competitive rates.
Royal Oak charter has an unemployment rate of 3.5%. The US average is 6.0%.
Royal Oak charter has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 38.0%, which is higher than the US average of 33.5%.
Tax Rates for Royal Oak charter
- The Sales Tax Rate for Royal Oak charter is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Royal Oak charter is 4.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Royal Oak charter
- The average income of a Royal Oak charter resident is $14,429 a year. The US average is $28,555 a year.
- The Median household income of a Royal Oak charter resident is $38,665 a year. The US average is $69,021 a year.